Oppenheimer Asset Management Inc. Purchases 672 Shares of Horace Mann Educators Co. (NYSE:HMN)

Oppenheimer Asset Management Inc. raised its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,140 shares of the insurance provider’s stock after purchasing an additional 672 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Horace Mann Educators were worth $1,261,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HMN. Nisa Investment Advisors LLC boosted its holdings in shares of Horace Mann Educators by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 29,444 shares of the insurance provider’s stock worth $1,029,000 after purchasing an additional 570 shares during the period. Harbor Capital Advisors Inc. raised its position in Horace Mann Educators by 125.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 50,292 shares of the insurance provider’s stock valued at $1,758,000 after purchasing an additional 27,987 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Horace Mann Educators by 10.6% in the 3rd quarter. Principal Financial Group Inc. now owns 223,512 shares of the insurance provider’s stock worth $7,812,000 after buying an additional 21,430 shares during the period. Summit Global Investments bought a new stake in shares of Horace Mann Educators in the 3rd quarter worth approximately $674,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Horace Mann Educators by 5.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 57,629 shares of the insurance provider’s stock valued at $2,014,000 after acquiring an additional 2,895 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total value of $149,480.00. Following the completion of the transaction, the chief executive officer now directly owns 294,324 shares of the company’s stock, valued at approximately $10,998,887.88. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $38.36, for a total transaction of $108,060.12. Following the completion of the transaction, the director now owns 16,352 shares in the company, valued at approximately $627,262.72. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,817 shares of company stock valued at $415,140 in the last ninety days. 3.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HMN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 11th. Piper Sandler raised their target price on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.67.

Horace Mann Educators Trading Up 0.9 %

NYSE HMN opened at $42.71 on Tuesday. The stock’s 50 day moving average is $39.42 and its 200 day moving average is $38.21. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.74 billion, a PE ratio of 17.22 and a beta of 0.31. Horace Mann Educators Co. has a twelve month low of $31.81 and a twelve month high of $43.53.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. Research analysts forecast that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.28%. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.34. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.84%.

Horace Mann Educators Profile

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.